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Insolvency

30 June 2016
Issue: 7705 / Categories: Case law , Law digest , In Court
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Brown and another, the joint administrators of Loanwell Ltd v Stonegale Ltd [2016] UKSC 30, [2016] All ER (D) 133 (Jun)

 

The Supreme Court held in dismissing the appeal that the purpose and effect of the transactions between the group of companies prior to administration was to divert assets away from the companies’ creditors contrary to s 242 of the Insolvency Act 1986. There had been no reciprocity between the disposals and the earlier payment made to the bank. That they were gratuitous alienations was plain and obvious.

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MOVERS & SHAKERS

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

Taylor Wessing—Max Millington

Taylor Wessing—Max Millington

Banking and finance team welcomes partner in London

NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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